Dr. Rick C. Ernst
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Competitive Devaluation

Real Money's Jared Dillian: We Desperately Need a Recession
www.thestreet.com

It smells of competitive devaluation. Someone's currency is going to have to appreciate; the U.S. is, oddly enough, the cleanest dirty shirt. Now we are in a race to the bottom with Japan, Canada, Australia, and Switzerland, to name but a few. So it …

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HOCKEY: Big changes ahead for Ulster clubs after vote
www.newsletter.co.uk

These have been well documented but include costs, possible migration of players to the top clubs and the issue of school player and teacher availability along with the devaluation of the Premier Leagues as we know them. Ulster Hockey had requested …

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Austerity And Growth Are Going Head-To-Head This Week
www.businessinsider.com

As with Japan last year, G20 policymakers gathered in Washington for the annual meeting of the International Monetary Fund and World Bank are in a poor position to complain about competitive devaluation having demanded stronger European growth for so …

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Bitcoin: Business blessing or bane?
theindependent.sg

For instance, BTC transfers are completed almost instantly and at negligible cost, making it a competitive to traditional payment options. Another … Macroeconomically, BTC has a predictable growth in supply that's resistant to the risk of devaluation …

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Earlier Airplane Retirements Have Mixed Consequences
www.ainonline.com

However, it also might mean faster devaluation of airplanes and tighter profit margins for companies that deal in the resale of aftermarket components. The situation has left Mike Cazaz, CEO of Mahwah, New Jersey-based Werner Aero Services, … β€œI say …

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Swiss Vote on Central Bank Gold Could Limit Manipulation
www.thenewamerican.com

As Switzerland's central bank engages in controversial monetary-policy gimmicks to keep the Swiss franc from rising, voters will have an opportunity to start reining in the scheming next month. On November 30, the wealthy Alpine nation β€” among the …

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Stress Tests For ECB & BOJ (excerpt)
www.investing.com

(4) Competitive devaluation is an issue. (5) Dudley sees first rate hike in mid-2015, or not. (6) Stocks and bonds. Mars and Venus. (7) Draghi and Kuroda are less confident. (8) IMF's concern about global growth depresses stocks. (9) FOMC's concern …

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Will China start currency war in name of reform?
www.livemint.com

Ahead of the annual meetings of the IMF and World Bank this weekend, US treasury secretary Jacob Lew warned: β€œIt's wrong to get into exchange-rate competition for the purpose of promoting advantage, one over the other.” A devaluation isn't inevitable.

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Weak Loonie Won't Save Canada Dishwashers, Weinberg Says
www.bloomberg.com

Canadian makers of goods such as dishwashers shouldn't look to a depreciation of the nation's currency to save their businesses, said Carl Weinberg, chief economist at High Frequency Economics. Parts of Canada's manufacturing industry will be wiped out …

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